Reuters reports that the European Investment Bank is holding off on decisions to finance the $760 million Ruzizi III hydropower plant in Central Africa, due to fighting between Rwandan-backed rebels and the Democratic Republic of Congo. The planned 206-megawatt Ruzizi III was… Read More »EIB reviews financing for Ruzizi III
The construction of the 5MW Boston Hydro project is progressing well and according to schedule, and remains on track for completion by Q3 2025. This is the fourth hydropower plant being constructed by our team in South Africa and showcases… Read More »Serengeti Energy’s Boston Hydro progressing towards 2025 COD
The Kikot-Mbébé Hydro Power Company (KHPC), a partnership between France’s EDF and the Government of Cameroon, begins selecting contractors for the construction of the 500MW Kikot-Mbébé hydroelectric dam on the Sanaga River. The deadline for submissions is 31 March. The… Read More »Contractor selection opens for Kikot-Mbébé in Cameroon
Katamba Mining has successfully recommissioned the Mpiana-Mwanga hydroelectric power station in the Democratic Republic of the Congo, marking the first time in nearly three decades that the station is producing electricity. The 97-year-old facility, originally built in 1927, underwent a… Read More »Katamba’s Mpiana-Mwanga (DRC) re-commissioned
The Southern African Power Pool (SAPP) has received financing from NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) and the Multilateral Cooperation Centre for Development Finance (MCDF), with the African Development Bank as its supervising entity in the administration of this grant… Read More »Consultancy Services for Luapula hydro (Zambia/DRC)
Uganda’s Energy Ministry has expressed dissatisfaction in the implementation of the $5 billion Ayago hydropower project. The Minister of Energy, Ruth Nankabirwa has shown her discontent with the delays, suggesting that the government seeks a new investor. Once completed, the… Read More »Uganda seeks new investor for Ayago project
Scatec ASA has successfully completed the sale of its 51% stake in its African hydropower joint venture with Norfund and British International Investment (BII) to TotalEnergies for US$167 million. The transaction closed today at an agreed sales price of USD… Read More »Scatec completes sale of African hydropower assets to TotalEnergies
The German government, through the KfW bank, has announced financial support of 17 million euros for the construction and rehabilitation of the Lichinga and Cuamba mini-hydro plants in Niassa province, northern Mozambique. Speaking after the signing of the agreement with… Read More »Germany grants 17 million euros for Lichinga and Cuamba hydro plants in Mozambique
TDB Group and Anzana Electric Group (“Anzana”) announce the financial close and first utilization of a portfolio project debt package for two run-of-river hydropower projects in Burundi developed by Songa Energy. This USD 35 million 10.65MW long-term debt financing facility… Read More »TDB and Anzana announce financial close of Songa energy’s 10.65 MW hydro portfolio in Burundi
Zutari Eswatini has been appointed as the Owner’s Engineer for the 13.5 MW Lower Maguduza Hydropower Scheme, which will be developed on the Lusutfu River, approximately five kilometers west of Sidvokodvo. The project will span a 25-month construction period, followed… Read More »Zutari Eswatini appointed as Owner’s Engineer for Lower Maguduza